ConocoPhillips (COP) vs Marathon Petroleum Corporation (MPC)
A side-by-side comparison of ConocoPhillips and Marathon Petroleum Corporation across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
COP
ConocoPhillips
$137.35EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
MPC
Marathon Petroleum Corporation
$395.93EnergyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — COP vs MPC
growth of $100 · dividends reinvested · last 10yCOP +333.6% (+15.8%/yr)MPC +1111.1% (+28.3%/yr)MPC compounded faster over this window
COP MPC
COP vs MPC: by the numbers
- •COP is the larger company ($167.33B vs $115.59B market cap).
- •MPC trades at the lower trailing earnings multiple (13.63 vs 18.19 P/E), one valuation lens rather than an overall verdict.
- •COP converts more revenue to profit (14.65% vs 5.56% net margin).
- •COP grew revenue faster over the past five years (16.71% vs 11.91% CAGR).
- •COP pays the higher dividend yield (2.45% vs 1.02%).
Metrics side by side
Valuation
| Metric | COP | MPC |
|---|---|---|
| P/E ratio | 18.19 | 13.63 |
| Forward P/E | 13.33 | 7.63 |
| P/S ratio | 2.64 | 0.75 |
| P/B ratio | 2.56 | 6.06 |
| EV / EBITDA | 7.11 | 9.13 |
| FCF yield | 3.74% | 11.16% |
Profitability
| Metric | COP | MPC |
|---|---|---|
| Gross margin | 27.68% | 11.62% |
| Operating margin | 21.92% | 7.95% |
| Net margin | 14.65% | 5.56% |
| ROE | 14.20% | 44.84% |
| ROIC | 7.85% | 14.33% |
Dividends
| Metric | COP | MPC |
|---|---|---|
| Dividend yield | 2.45% | 1.02% |
| Payout ratio | 44.50% | 13.77% |
Growth (annualized)
| Metric | COP | MPC |
|---|---|---|
| Revenue CAGR (5Y) | 16.71% | 11.91% |
| EPS CAGR (5Y) | N/A | 22.12% |
| FCF CAGR (5Y) | 35.98% | 35.87% |
| Total return CAGR (5Y) | 24.14% | 50.50% |
Frequently asked
- Which has the lower trailing P/E, COP or MPC?
- MPC has the lower trailing P/E: COP trades at 18.19 and MPC at 13.63. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, COP or MPC?
- Over the past five years, COP grew revenue faster — COP at a 16.71% CAGR versus MPC at 11.91%.
- Does COP or MPC pay a bigger dividend?
- COP yields 2.45% and MPC yields 1.02% based on trailing dividends and the latest price.
- Is COP or MPC more profitable?
- COP runs the higher net margin — COP at 14.65% versus MPC at 5.56%.
- How have COP and MPC total returns compared?
- Over the past 10 years, COP delivered 16.08% and MPC delivered 28.77% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ConocoPhillips P/E ratioMarathon Petroleum P/E ratioConocoPhillips dividend yieldMarathon Petroleum dividend yieldConocoPhillips ROEMarathon Petroleum ROEConocoPhillips operating marginMarathon Petroleum operating marginConocoPhillips revenue growthMarathon Petroleum revenue growthConocoPhillips free cash flowMarathon Petroleum free cash flow
ConocoPhillips & Marathon Petroleum appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.